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Merger of Glencore and Xstrata: voestalpine Not Concerned
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The Austrian steel company does not feel affected by the merger between the two major commodity corporations Glencore and Xstrata.
Merger of Glencore and Xstrata: voestalpine Not Concerned / Picture: © Vindobona.org
“Glencore and Xstrata are no suppliers for us.”, the spokesman Peter Felsbach said. As a result, voestalpine does not see potential consequences. Whether a merger has effects on the iron ore price is not predictable, Felsbach said. “This would be pure speculation.” The last two years showed a massive increase, anyway.
According to the spokesman, voestalpine wants to…
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